Coke Marketing Plan - 4596 Words

Table of Contents Executive Summary 6 Situation Analysis 7 History of the Product/Brand 8 Market Analysis 9 Product Evaluation 10 Competitor Analysis 12 Marketing Objectives 13 Marketing Strategies 16 Selecting Target Market 17 Developing the Marketing Mix 18 Product Strategy 19 Pricing Strategy 20 Placing and Distribution 22 Promotion Strategy 23 Evaluation, Monitoring and Control 24 Monitoring and Controlling 26 Sales Analysis 27 Market Share Evaluation 27 Marketing Profitability Analysis 27 Market Research 27 EXECUTIVE SUMMARY Giant soft drink company Coca-Cola has come under intense scrutiny by the investors due to its inability to†¦show more content†¦Increase in cost of energy(electricity, natural gas etc) and raw materials(high fructose corn syrup, sucrose etc) can have a negative impact on the product’s profits (The Coca Cola Company 2007, 2006 Annual Report on Form 10-K). Unfavorable political and economic conditions in the local as well as international markets can have an adverse effect on the company’s profits (The Coca Cola Company 2007, 2006 Annual Report on Form 10-K). Unfavorable weather conditions like unusually long spells of winter cold can decrease the demand for the product (The Coca Cola Company 2007, 2006 Annual Report on Form 10-K). PRODUCT EVALUATION Product Life cycle The product life cycle comprises of five stages: product development, introduction, growth, maturity and decline (Kotler et al. 2006, p.314). Coca-Cola is currently in the maturity stage, which is evidenced primarily by the fact that they have a large, loyal group of stable customers. In this regard, Coke has the advantage of it’s establishment of a strong brand name. Furthermore, cost management, product differentiation and marketing have become more important as growth slows and market share becomes the key determinant of profitability. SWOT Analysis: SWOT stands for Strengths Weakness Opportunities Threats. SWOT analysis is a technique that consists of examining the current activities ofShow MoreRelatedMarketing Analysis : Marketing Audit Essay1049 Words   |  5 Pagesmy views on Marketing Audit. As we all know, Marketing Audit is a systematic, critical and appraisal of the total marketing operation of the objectives and policies and the assumptions which underlie them as well as the methods, procedures, personnel and organization employed to implement the policies and achieve the objectives. It evaluates mainly three key areas i.e. external marketing environment, internal marketing environment, evaluation of current marketing strategy. The marketing audit is aRead MoreMarketing Is Not Just A Marketing Endeavor2234 Words   |  9 PagesWithout marketing, a business no matter how genius and innovative, the concept will fade away amongst the sea of other failed businesses. 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